Analysis: Currencies

U.S. business activity growth hits 6-month low in December

U.S. business activity growth slowed in December to the weakest pace since June, with new orders sliding for both manufacturers and service providers to cap a year of volatility and uncertainty for...

US rate futures lift odds of January cut after unemployment rises in November

U.S. rate futures on Tuesday raised the probability of the Federal Reserve cutting interest rates at the next policy meeting in January after data showed U.S. unemployment rose last month. ...

US job growth snaps back in November; shutdown distorts unemployment rate

U.S. job growth rebounded more than expected in November after government-related spending cuts triggered the biggest drop in nonfarm payrolls in nearly five years in October, suggesting no material...

Canadian dollar steadies near three-month high after inflation data

The Canadian dollar steadied on Monday against its U.S. counterpart as oil prices fell and domestic data showed inflation running at a cooler than expected pace. The loonie was trading...

Delayed US employment, CPI reports are due this week, with many gaps

The U.S. Bureau of Labor Statistics on Tuesday releases its long-awaited combined employment reports for October and November, but a number of key details will be missing after the government shutdown...

Williams says Fed policy in good position, sees inflation moderation in 2026

New York Federal Reserve President John Williams said on Monday the U.S. central bank's interest rate cut last week was the right move and leaves it in a good position to deal with an economy that's...

With Fed independence in crosshairs, will Supreme Court back Trump again?

The U.S. Supreme Court's conservative justices appear ready to endorse President Donald Trump's power to fire a regulatory agency official despite job protections given by Congress. But they have...

Bipartisan group of US lawmakers calls for export controls on synthetic DNA sequences

A bipartisan group of U.S. lawmakers this week introduced bills that would require U.S. firms to obtain a license before exporting sequences of synthetic DNA. DNA research is...

Fed's Daly says this week's rate cut was right move for Fed

Federal Reserve Bank of San Francisco President Mary Daly said on Friday in a LinkedIn posting that she favored cutting interest rates at this week's monetary policy meeting. This week's...

Russia's monthly oil and gas revenue poised to hit lowest since August 2020

Russian state oil and gas revenue in December is likely to almost halve from a year earlier to 410 billion roubles as a result of lower crude prices and a stronger rouble, Reuters calculations showed...

Two Fed dissenters cite inflation risk in votes against rate cut

Federal Reserve officials who voted against the U.S. central bank's interest rate cut this week said on Friday they are worried that inflation remains too high to warrant lower borrowing costs,...

US inflation may slow, but the affordability debate is likely to keep raging

Even if overall inflation slows next year as the U.S. Federal Reserve anticipates, President Donald Trump will still face political headwinds over the cost of living with home mortgage rates expected...

BOJ to pledge more rate hikes at next week's policy meeting, sources say

The Bank of Japan will likely maintain a pledge next week to keep raising interest rates, but stress the pace of further hikes will depend on how the economy reacts to each increase, said three...

Trump thinks more should be done to lower interest rates, White House says

President Donald Trump was happy to see the Federal Reserve cut interest rates by 25 basis points this week, but wants to see further reductions in borrowing costs, White House spokeswoman Karoline...

TSX opens lower as tech jitters weigh

Canada's main stock index opened lower on Thursday, with technology stocks leading losses, as renewed fears about lofty valuations following Oracle's disappointing results outweighed a widely expected...

US weekly jobless claims post largest increase in nearly 4-1/2 years amid seasonal volatility

The number of Americans filing new applications for unemployment benefits increased by the most in nearly 4-1/2 years last week, but the surge likely does not suggest a material weakening in labor...

Fed signals pause on rate cuts as investors navigate data darkness and leadership change

After three consecutive interest rate cuts, investors now confront an uncertain U.S. monetary policy outlook for the year ahead, clouded by persistent inflation, data gaps, and an impending leadership...

US rate futures raise rate-pause odds in January; still see two cuts in 2026

Futures on the federal funds rate, which measure the cost of unsecured overnight loans between banks, raised the odds on Wednesday that the Federal Reserve will pause its easing cycle at the next...

Fed's Powell says rate policy well positioned, future of policy not on pre-set course

Federal Reserve Chairman Jerome Powell said U.S. central bank interest rate policy is well positioned to respond to what lies ahead for the economy, declining to provide guidance whether another...